Mortgage & Finance
With the country facing a massive foreclosure crisis the Bush Administration has tweaked Federal Housing Administration rules in a way that ought to be applauded.
If we’re just having a subprime crisis, then how come the impact is worldwide? That’s the essential question raised by Ben Stein.
Since they were first introduced, adjustable-rate mortgages have been the subject of considerable criticism and concern. A worse-case situation that would sink millions of ARM borrowers.
Should you be in favor of FHA modernization? After all, is not modernization always a step forward, something that’s necessary and needed?
There are a lot of scraps thrown our way at a loan closing, and I have yet to meet anyone who has either read all of the documentation or totally understood what it meant — me included.
Given the growing worries regarding mortgage fraud, there’s little doubt that stated-income loan applications will be greatly restricted in the future.
Welcome to the strange, weird and complex world of foreclosures, a world which hardly sounds interesting except for the fact that hundreds of billions of dollars are at stake, including perhaps the value of your home and the size of your monthly mort
For all the talk of foreclosures and failing lenders, the bottom line is this: The mortgage lending system is both sound and hugely successful.
With a growing number of foreclosures nationwide, it’s good to know the government has consumer protections in place. What’s not so good is what those “protections” actually say.
Who regulates national bank subsidiaries — subsidiaries which are often separate corporate entities from the banks — the federal government or the states?”